.Net Sales is equal to P200, 000 and Cost of Goods Sold totaled P65, 000. What is the Gross Profit? Gross Profit amounted to P500,000 and Operating Expenses is equal to 350,000. What is the Operating Profit? 2.Gross Profit amounted to P500,000 and Operating Expenses is equal to 350,000. What is the Operating Profit? 3.Net Sales is equal to 600,000 and Cost of Goods Sold amounted to P300,000. No other expenses were incurred during the period. What is the Profit for the period?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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1.Net Sales is equal to P200, 000 and Cost of Goods Sold totaled P65, 000. What is the Gross Profit? Gross Profit amounted to P500,000 and Operating Expenses is equal to 350,000. What is the Operating Profit? 2.Gross Profit amounted to P500,000 and Operating Expenses is equal to 350,000. What is the Operating Profit? 3.Net Sales is equal to 600,000 and Cost of Goods Sold amounted to P300,000. No other expenses were incurred during the period. What is the Profit for the period?
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